logo
Frankie Dettori returning to Royal Ascot for first time since bankruptcy

Frankie Dettori returning to Royal Ascot for first time since bankruptcy

Daily Mirror16-06-2025

The superstar jockey, who left Britain at the end of 2023, has not given up on the prospect of riding at the meeting again before he retires from the saddle
Frankie Dettori is returning to Royal Ascot this week - but he won't be riding. The superstar jockey rode 81 winners at the five-day racing extravaganza and topped the leaderboard for most winners at the fixture seven times.
The 54-year-old quit Britain after 35 years at the end of 2023, u-turning on an announced retirement to pick up his career again in the US. He has continued to enjoy success across the Atlantic and this month landed his richest win since his relocation when riding Raging Torrent to victory in the £1 million Metropolitan Handicap at Saratoga.

Raging Torrent has helped Dettori to 21 wins in the US in 2025 for earnings of £2.3m in the wake of a challenging start to the year when he had to declare bankruptcy in Britain. A petition on behalf of the jockey was filed in March after his tax arrangements were challenged by HMRC

'I am saddened and embarrassed by this outcome and would advise others to take a stronger rein over their financial matters,' he said in a statement at the time.
'Bankruptcy is a major decision and its consequences will affect me for many years. I am relieved to be drawing a line on this long-term matter, which enables me to reset and focus on my international riding career.'
Dettori attended Royal Ascot 12 months ago as a spectator and he will do the same this year despite an urge to ride competitively again before he retires.
'I won't lie to you, I do have the little devil on my shoulder that says to me 'one more time' but I just didn't think that this year or last year would have been appropriate,' said Dettori in a blog for betting site Stake.
'But I will be coming over to Ascot, with a little bit of anxiety feeling that I could have rode.'
He continued: 'I did get some offers but I am not going to lie, I do miss it. I had over 80 winners, it has been a huge part of my life. It is quite hard but after a few champagnes, I get over it. I really do miss it though.
'I will be there this year. There is a bit of a period from now until Saratoga, I will fly over this weekend, it is my daughter's birthday and I will try and see as many kids as I can in my tribe of five, and show my face at Royal Ascot and see some old friends before I come back to Saratoga and start again. I use this opportunity to enjoy the racing and then see the family.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

JEFF PRESTRIDGE: Self-interest of firms trying to get cash Isas axed
JEFF PRESTRIDGE: Self-interest of firms trying to get cash Isas axed

Daily Mail​

timea day ago

  • Daily Mail​

JEFF PRESTRIDGE: Self-interest of firms trying to get cash Isas axed

Savers are being shafted – and with the Chancellor's wish to turn us into a nation of investors (irrespective of risk and appropriateness), I fear the shafting is far from over. Especially given the eagerness of some financial groups to pour petrol on the savings pyre with self-interested calls for the savings cult to be abandoned in order to save the UK stock market. Twaddle of the highest order. Savers are suffering enough already. Latest figures from HMRC indicate they will pay £6 billion in tax on the interest they earn on accounts with banks and building societies in the current tax year – that's nearly four and a half times what they paid in the tax year ending April 5, 2022. This massive tax grab is a result of higher interest rates for most of the time since 2021. It also stems from a freezing of the annual personal savings allowance at £1,000 for basic rate taxpayers (£500 for higher rate taxpayers) since 2016. Yet Rachel from Accounts isn't finished yet. As regular readers of Wealth will know, she is lining up another attack on savers – this time, on those who use Isas to protect cash from the taxman. Although the Chancellor has yet to confirm details, the consensus view is that while the annual allowance will remain at £20,000, cash Isas will be capped at £4,000. All part of Reeves's plan to get the nation investing and fuelling economic growth. I am a big believer in the financial empowerment that long-term investing can bring. Yet, equally, I can acknowledge that there are millions of people – young and old – who don't want to take risks with the money they put aside for the future. On Friday I spoke to readers Carol Peacock and her husband Grant, who are concerned about a cash Isa crackdown. Retired and living in Cheshire, they have no wish to risk their financial security by investing. 'Why on earth would we take a gamble with our wealth at our time in life,' asks Carol. 'We want security as we enjoy our twilight years.' Carol and Grant use Isas to protect savings from tax, and say that if the cash allowance is reduced to £4,000 they will look to shove more money into Premium Bonds and maybe buy bullion coins (capital gains tax free) from The Royal Mint. 'Experts say a lower cash allowance would nudge more people into investing,' says Carol. 'But nothing will nudge us.' As for IG's call, as part of its 'save our stock market' campaign, to end all new cash Isa openings on the pretext that such accounts hinder rather than help people build wealth, Carol is left speechless. I'm not, so I will speak for Carol and millions like her. IG makes money from people taking short-term bets on the direction of markets. Such spread betting is a form of leveraged gambling where investors can end up losing a lot more than they originally bet. So for IG to present itself as a backer of long-term investing is as ridiculous as its desire to see cash Isas bashed on the head. Chancellor, ignore IG's twaddle. And hands off the Peacocks' cash Isas. Indeed, hands off ALL our cash Isas. Brace for yet MORE bank branch closures very soon A further round of bank branch closures is imminent, according to my sources close to the industry. If correct, the closures will leave yet more communities without a bank, inconveniencing those customers (both personal and business) who prefer face-to-face to online banking. Although the axing of branches is unstoppable, it is time for the regulator to look at the quality of the alternative high street services which the banks are usually obliged to fund when towns are left bankless. These services come in the form of banking hubs. These are high street branches, usually managed by the Post Office, and are funded by the banks through an organisation called Cash Access UK. Currently they provide basic banking services to both personal and business customers, with representatives from the main high street banks on hand one day a week for anyone seeking a one-on-one meeting. The Government wants at least 350 hubs up and running by 2029, and it is likely to be granted its wish as the big banks' branch closure programmes ramp up. This autumn, hub numbers should top 200. Yet in their current form they are too low grade. As Derek French, the former head of the Campaign For Community Banking Services, keeps reminding me, hubs should be more about personal service than mere access to cash. For hubs to really work, the bank representatives should be empowered to provide a broader range of services. For example, helping customers deal with the complexities of sorting out probate following the loss of a parent. Or being allowed to process the application for a new bank account. I also don't understand why hubs aren't routinely open on Saturdays to help those who are too tied up with work during the week to get to one. While the banks are reluctant to give hubs a refresh, it should be the minimum 'price' they pay for turning many high streets into banking deserts. I am told the Financial Conduct Authority is currently looking at requiring the banks to widen their hub services. I trust it follows through with decisive regulatory action. Hubs must be allowed to flourish – and not held back by cost-conscious bankers. If you have an opinion on hubs – favourable or otherwise – do let me know. Remembering passionate pension campaigner Jacquie Many people now retired owe their financial security in part to the campaigning zeal of the Pensions Action Group (PAG) during the early 2000s. Without this group's dogged determination to ensure workers should not lose their accrued (defined benefit) pension when their employer folded, we would not have in place today the Pension Protection Fund (PPF). A £32 billion scheme that pays (or will pay) the pensions of 292,000 workers whose employer went bust. A key supporter of PAG was Jacquie Humphrey, from Hemel Hempstead in Hertfordshire, who regularly demonstrated alongside husband Peter for pensions justice. Peter's future works pension was decimated when his employer, Dexion, folded – and like hundreds of others he (and Jacquie) refused to take it lying down. Jacquie was passionate, articulate, plain speaking and was great fun to be with, whether on PAG marches or at all-night vigils outside 10 Downing Street. Sadly, she died a few days ago – 11 weeks after the death of her beloved Peter. What a duo. Those with former work pensions now looked after by the PPF have a lot to thank them for.

The way you pay council tax could change - here's how
The way you pay council tax could change - here's how

Metro

time2 days ago

  • Metro

The way you pay council tax could change - here's how

Households could soon see an easier way to manage council tax bills after the average payment hits more than £200. Through a consultation, the government has proposed four ways to make paying the instalments easier on those who are struggling to pay. This includes through differing payment schedules, easier signposting, and more lax enforcement rules. Here are the four ways we could soon see changes: The number of default instalments you make could be set to change. Council tax is usually paid in 10 instalments from April to January, but the consultation outlines plans to increase it to 12. This could then make it easier to manage monthly budgets. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video If you are part of the band D council tax bill, you pay on average £2,171, working out at £217 in 10 instalments. But paying in 12 instalments will bring the monthly bill down to £181. Households are still able to pay in 10 instalments if they wish. The government is considering 'a more appropriate and proportionate timeframe' before councils can demand a full bill from households. If a monthly payment is missed, you are given a reminder to pay, but if you miss this after seven days, they ask you to pay the full year's bill instead. The new consultation document says taxpayers are 'highly unlikely' to afford the full bill when they have missed a monthly payment. If it goes unpaid, the council can send bailiffs and can even pursue a prison sentence. The document goes on to say these types of 'aggressive recovery action' have sometimes been applied 'too quickly and too intensely'. The government is now proposing to increase the time before councils can take someone to court. Taxpayers can currently ask the Valuation Office Agency to review their band to try and reduce their council tax bill. But from April 2026, this will be scrapped and duties will be taken over by HMRC. It will be up to the taxpayer to prove they are in the wrong band, including checking what band your neighbours are in and working out what your home would have been worth in 1991. More Trending But the government has said there is no straightforward way to challenge your council tax band through the VOA, and they are asking the public to come forward to suggest how to make the process easier. The government is also asking taxpayers' opinions on whether council tax bills are clear enough. The consultation found that many of the details on the bills are too technical, and clearer information would help people understand what they are paying for. View More » It also recommends better signposting for people to know where to turn for help if they are struggling to pay their bills. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: My relationship got me into £18,000 worth of debt — then we broke up MORE: One in seven people lost money to fraud last year, survey finds MORE: Full list of DWP, PIP and Universal Credit payment changes on the way next year Your free newsletter guide to the best London has on offer, from drinks deals to restaurant reviews.

How to legally pay less tax on your income as millions hit with stealth taxes
How to legally pay less tax on your income as millions hit with stealth taxes

Scottish Sun

time2 days ago

  • Scottish Sun

How to legally pay less tax on your income as millions hit with stealth taxes

MILLIONS of workers will be hit with higher tax bills in the coming years as frozen thresholds will force them to hand over more of their earnings to the taxman. Around 4.1million extra workers will be dragged into higher tax bands by 2027-28, according to the most recent figures from the Office for Budget Responsibility. 1 Millions of people will be dragged into paying more tax in the coming years Credit: Getty Income tax thresholds are frozen until April 2028, which means that more people could find themselves pushed into higher tax bands through a concept called fiscal drag. The higher rate tax band is frozen at £50,270, which means any earnings over this amount are taxed at 40%. Meanwhile, the additional tax band is currently fixed at £125,140, beyond which any earnings are taxed at 45%. But there are things you can do to prevent a surprise tax bill from landing on your doorstep. Here we explain how you can reduce your tax bill and avoid the tax trap. Apply for tax relief One way to reduce your tax bill is to claim tax relief. You can claim the relief on your job expenses, which means you will take home more of your income and pay less tax. To be eligible you must use your own money for things that you need to buy for your job and you only use for work. You can claim for items including working from home, uniforms, work clothes, tools, vehicles you use for work, travel and overnight costs. You cannot claim tax relief if your employer gives you all the money back or alternative equipment. You will get the relief based on what you have spent and the rate at which you pay tax. For example, if you claim £60 of tax relief and usually pay tax at 20% then you will get £12 back. The exact amount you could get depends on what you are claiming for. For more information and to make a claim visit How do I check my tax code? YOU can check your tax code on your personal tax account online, on any payslips or on the HMRC app. To log in, visit If you have one, you can also check it on a "Tax Code Notice" letter from HMRC. Bear in mind that you might need your Government Gateway ID and password to hand to log in. But if you don't have this you can use your National Insurance number or postcode and two of the following: A valid UK passport A UK photocard driving licence issued by the DVLA (or DVA in Northern Ireland) A payslip from the last three months or a P60 from your employer for the last tax year Details of a tax credit claim if you have made one Details from a self assessment tax return (in the last two years) if you made one Information held on your credit record if you have one (such as loans, credit cards or mortgages) Claim marriage allowance If you are married or in a civil partnership then you may also be able to reduce your tax bill by claiming Marriage Allowance. Every worker has something called a Personal Allowance. This is the amount of money you can earn every financial year before you start to pay Income Tax. For the current tax year the Personal Allowance is £12,570. If you earn less than this then you usually do not have to pay Income Tax. Marriage Allowance is a special tax rule that lets you transfer £1,260 of your Personal Allowance to your husband, wife or civil partner. It is free to apply for and can reduce your tax bill by up to £252 every tax year. To be eligible you need to be married or in a civil partnership. Your income must be below £12,570 and your partner must pay Income Tax at the basic rate, which usually means their income must be between £12,571 and £50,270. Ian Futcher, financial planner at Quilter, said: 'Many eligible couples haven't claimed this, often because they simply don't realise it exists. 'It can be backdated for up to four years if you're eligible.' The fastest way to apply for the allowance is online and you should get an email confirming your application within 24 hours. You can also claim Marriage Allowance by post using the MATCF form. For more information visit Make use of salary sacrifice Salary sacrifice is a great way to top up your income without paying any tax. It lets you exchange some of your wages for a different benefit from your employer, such as a company car, childcare vouchers or pension contributions. Your salary is then reduced by the cost of any benefits you choose. As your salary is lower, you will pay less tax and National Insurance. For example, someone who earns the UK average salary of £37,430 could decide to sacrifice £200 a month into their pension. Over the course of a year they would pay £2,400 into their pension. By using salary sacrifice their wage would fall to £35,030 a year, which would save them around £480 a year in Income Tax. They would also save nearly £200 in National Insurance, which means their total saving would be £672. Salary sacrifice also saves your employer money on National Insurance. Many employers will pass this saving on to you by paying more money into your pension. As a result, your total pension contribution could be more than £2,700. Sarah Coles, head of personal finance at Hargreaves Lansdown, said it is worth checking if your employer offers salary sacrifice. She said: 'It will not boost your take-home pay, but it will cut your tax bill and make your money go further.' Pay into pension If you are lucky enough to earn more than £60,000 a year then you may be able to get more Child Benefit with an under-used trick. Child Benefit is paid by the government to parents or other people who are responsible for bringing up a child. It is currently worth £26.05 for the eldest or only child and £17.25 for every additional child you have. You get this full payment if you earn less than £60,000 a year. But beyond this point you need to start paying the benefit back at a rate of 1% for every extra £200 you earn. The payment disappears entirely once you earn more than £80,000 a year. But you may be able to hang on to more of your Child Benefit with a simple trick, Ian Futcher explains. He said: 'If your earnings are close to the threshold, using pension contributions or salary sacrifice to reduce your taxable income could allow you to keep more of your Child Benefit.' For example, if you earned £61,000 a year then paying £1,000 into your pension would allow you to keep all of your Child Benefit. Do you have a money problem that needs sorting? Get in touch by emailing money-sm@ Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store